East Asia Forum-Aug 12, 2019

Tensions between the United States and China entered a dangerous new phase this week. For the first time in 25 years, US authorities labelled China a currency manipulator after the RMB fell below the 7 yuan-per-dollar level. This opens the door to the United States’ levelling sanctions against China as well even more extreme trade restrictions, as the global trade and technology war morphs into a currency war.

Read more at: https://www.eastasiaforum.org/2019/08/12/asean-distances-itself-from-the-united-states/